Bombay High Court: Public Sector Banks Have No Power To Issue ‘Look-Out Notice’ Against Defaulters The verdict was passed on a bunch of petitions challenging the validity of the central government’s memorandum. The Bombay High Court has ruled that public sector banks do not have the power to issue Look Out Circulars (LOCs) against default borrowers. Therefore, all such circulars issued by them are nullified. A division bench of Justice Gautam Patel and Justice Madhav Jamdar held that the clause of an office memorandum issued by the central government, empowering the chairpersons of public se ..read more

Delhi High Court Judges Call For Embracing Technology With Caution: Insights From SILF’s AI Conference At the recent AI Conference hosted by the Society of Indian Law Firms (SILF), distinguished judges of the Delhi High Court, including Justice Rajiv Shakdher and Justice Pratibha M. Singh, delved into the pivotal intersection of technology and law. Justice Shakdher emphasized the need for prudent integration of Artificial Intelligence (AI) technologies, stressing the importance of cautious adoption while advocating for continued exploration. He remarked, "We should look at the technology wit ..read more

Cyril Amarchand Mangaldas Advised Sumitomo Corporation, Osaka Gas, And JOIN On Investment In AG&P LNG Marketing Cyril Amarchand Mangaldas has advised Japanese consortium consisting of Osaka Gas, Sumitomo Corporation, and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) on their primary investment into AG&P LNG Marketing Pte. Ltd (AG&P). The consortium, led by Osaka Gas, the second-largest city gas distributor in Japan, has reached an agreement to invest in AG&P Marketing, with the aim of enhancing AG&P's city gas distributi ..read more

DSK Legal Advised ReNew Energy On Collaboration With JERA For Green Ammonia Project In India In a significant move, DSK Legal has advised ReNew Energy Global plc (ReNew) India’s leading renewable energy company, on its collaboration with JERA Co., Inc (JERA) Japan’s largest power generation company, to evaluate the development of a green ammonia production project in India. Under the terms of the agreement, ReNew, through its subsidiary ReNew E-Fuels Private Limited, will join hands with JERA to assess the feasibility of establishing a green ammonia production facility in Paradip, Odisha. Th ..read more

Ind-Barath Energy (Utkal) Bags Arbitration Award Against Tamil Nadu Generation & Distribution Corp The matter pertained to the agreement for procurement of 500 MW power Ind-Barath Energy (Utkal) Ltd, the subsidiary company of JSW Energy Ltd, has announced that an arbitral tribunal has issued an award in its favor against Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco). In 2013, Ind-Barath had initiated arbitration proceedings against Tangedco after disputes arose due to the power purchase agreement between the entities. The agreement was for the procurement of 500 MW by ..read more

Delhi High Court Grants Interim Relief To Burberry; Suspects Petrol Perfumer Of Trademark Violation The British fashion house pointed out that the defendant company was a habitual infringer The Delhi High Court has granted an interim injunction to luxury brand Burberry in a trademark infringement and passing off case. The bench of Justice Sanjeev Narula observed that the company Petrol Perfumer Limited violated Burberry’s intellectual property rights, affecting its long-earned goodwill and reputation. The judge stated, "The defendant’s adoption of the trademarks does not appear to be in good ..read more

Cyril Amarchand Mangaldas Advised Collective Newsroom In Restructuring BBC India Operations In a landmark restructuring move, Cyril Amarchand Mangaldas provided legal counsel to Collective Newsroom Private Limited (Collective Newsroom), a recently established Indian-owned and managed entity formed by senior employees of The British Broadcasting Corporation (BBC) in India. The transaction was completed on April 10, 2024, with the launch of Collective Newsroom as a new independent media organization, with BBC as its first client. The advisory pertained to Collective Newsroom's acquisition of B ..read more

Sanjeev Sachdeva Joins Elan Group As Head Legal Erstwhile Senior Partner Sanjeev Sachdeva of MINE & YOUNG - Advocates & Legal Consultants, New Delhi has joined Elan Group as Head Legal. Elan Group is a Gurugram based real estate group with presence in commercial, retail and high end residential developments. Elan Group is a majestic group and has a philosophy of delivering what is promised. The allure of Elan’s elitism and refinement has earned the Group many patrons. The partners and patrons are an integral part of its success story. Prior to his engagement with Elan Group Mr. Sanjee ..read more

P&A Law Offices Secures Victory For UpHealth Holdings: Calcutta High Court Passes Interim Order Reinforcing ICC Award P&A Law Offices has secured a significant legal victory for UpHealth Holdings, Inc. in a post-award Section 9 petition at the Calcutta High Court. The court granted interim measures to secure an Award for an arbitration seated outside India, even before the filing of the enforcement petition. In its order dated April 12, 2024, the Calcutta High Court upheld UpHealth's rights, reinforcing the integrity of international commercial arbitration. The Calcutta High Court ha ..read more

M Mulla Associates Secures Victory For Dream 11: NCLAT Sets Aside Insolvency Order M Mulla Associates has successfully represented Sporta Technologies Private Limited, the parent company of Dream 11, before the NCLAT, New Delhi, against the order passed by the NCLT, Mumbai, initiating corporate insolvency proceedings against the company. The National Company Law Appellate Tribunal (NCLAT), bench comprising Mr. Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member) set aside the insolvency admission order of NCLT against Sporta Technologies Pvt. Ltd. freeing it from the co ..read more